Core Viewpoint - CarMax, Inc. has faced significant challenges, including the firing of CEO Bill Nash and a bleak outlook for Q3 2026, leading to a sharp decline in share prices and raising concerns about the company's business model and growth prospects [1][6]. Financial Performance - CarMax reported a 24% year-over-year decline in net EPS for Q2 2026, with retail used unit sales down 5.4% and comparable store used unit sales down 6.3% [4]. - The company's CarMax Auto Finance (CAF) revenue decreased by 11.02% year-over-year, attributed to a $142 million loan loss provision, which marked a nearly 40% sequential increase and a 24% year-over-year rise [5]. Legal and Regulatory Issues - A securities class action lawsuit is underway, focusing on allegations that CarMax misled investors regarding its business model and growth prospects during the Class Period from June 20, 2025, to November 5, 2025 [2][3]. - The lawsuit claims that CarMax's positive Q1 2026 results were misleading, as they were influenced by consumers accelerating car purchases to avoid tariffs [3]. Management Changes - The termination of CEO Bill Nash on November 6, 2025, coincided with the announcement of an expected decline in Q3 comparable store used unit sales by 8% to 12% from the previous year [1][6].

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. and certain senior executives for securities fraud following a significant stock drop attributed to potential violations of federal securities laws [1][2]. Group 1: Lawsuit Details - Investors have until January 2, 2026, to request to lead the case, which is pending in the U.S. District Court for the District of Maryland [2]. - The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of CarMax investors [2]. Group 2: Company Performance and Stock Impact - CarMax reported disappointing financial results for Q2 FY 2026, including a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [5]. - The company's net income for Q2 was approximately $95.4 million, down from $132.8 million the previous year, attributed to a "pull forward" in demand due to U.S. tariffs [5]. - Following the financial report, CarMax's stock dropped $11.45 per share, or roughly 20%, from $57.05 on September 24, 2025, to $45.60 on September 25, 2025 [6]. - An unexpected departure of CEO Bill Nash on November 6, 2025, and a weak preliminary Q3 2025 outlook led to an additional stock drop of over 24% [6].

NEW YORK, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in CarMax, Inc. ("CarMax, Inc." or the "Company") (NYSE: KMX) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of CarMax, Inc. investors who were adversely affected by alleged securities fraud between June 20, 2025 and September 24, 2025. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/carmax-inc-lawsuit-subm ...

Core Viewpoint - A class action lawsuit has been filed against CarMax, Inc. for securities fraud following a significant drop in stock price due to alleged violations of federal securities laws [1][3]. Group 1: Lawsuit Details - The lawsuit is based on claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors in CarMax securities [3]. - Investors have until January 2, 2026, to request to lead the case, which is currently pending in the U.S. District Court for the District of Maryland [3]. Group 2: Financial Performance - CarMax reported disappointing financial results for Q2 of fiscal year 2026, with a 5.4% decline in retail used unit sales, a 6.3% decline in comparable store used unit sales, and a 2.2% decline in wholesale units [6]. - The net income for the second quarter was approximately $95.4 million, down from $132.8 million in the previous year [6]. Group 3: Stock Price Impact - Following the announcement of poor financial results on September 25, 2025, CarMax's stock price fell by $11.45 per share, or about 20%, from $57.05 to $45.60 [7]. - The unexpected departure of CEO Bill Nash on November 6, 2025, along with a weak preliminary Q3 2025 outlook, led to an additional drop of over 24% in the stock price [7]. Group 4: Company Operations - CarMax's management had previously emphasized strong demand for its vehicles, which was allegedly inflated by a temporary surge in purchases before U.S. tariffs were imposed [4]. - The law firm BFA is also investigating whether CarMax adequately assessed or reserved for its portfolio of car loans following the CEO's departure [5].

Core Viewpoint - A securities fraud lawsuit has been filed against CarMax, Inc. and certain executives, following a significant drop in share price after the announcement of CEO Bill Nash's resignation and allegations of overstating growth prospects [1][2]. Group 1: Company Overview - CarMax's shares fell over 10% in pre-market trading on November 6, 2025, after the announcement of CEO Bill Nash stepping down effective December 1, 2025 [2]. - The decline in share price is linked to a securities fraud complaint alleging that CarMax overstated its long-term growth prospects between June 20, 2025, and September 24, 2025 [2]. Group 2: Legal and Investor Actions - Investors who purchased CarMax common stock during the specified period and experienced a loss may be eligible to recover losses [3]. - The deadline to seek appointment as lead plaintiff in the lawsuit is January 2, 2026, and a class has not yet been certified [4]. - Whistleblowers with non-public information about CarMax are encouraged to assist in the investigation, with potential rewards of up to 30% of any successful recovery [5]. Group 3: Firm Background - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [6].

RADNOR, Pa., Nov. 20, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that an amended securities class action lawsuit has been filed against CarMax, Inc. (“CarMax”) (NYSE: KMX) which expands the class period to include those who purchased or otherwise acquired CarMax securities between June 20, 2025, and November 5, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is January 2, 2026. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If ...

San Francisco, California--(Newsfile Corp. - November 20, 2025) - A new securities class action lawsuit against CarMax, Inc. (NYSE: KMX) has expanded the alleged class period to now include investors who purchased or otherwise acquired CarMax securities between June 20, 2025 and November 5, 2025.The period has been lengthened to include the severe market reaction to CarMax's announcement that it fired CEO Bill Nash, news which drove the price of CarMax shares down as much as $9.48 (-23%) on November 6, 202 ...

Core Insights - CarMax, Inc. has opened its first store in Arkansas, located in Rogers, bringing nearly 30 jobs to the area and expanding its total to 255 stores across 42 states [1][5] - The new store spans 11,500 square feet and can stock approximately 500 used vehicles, enhancing CarMax's ability to serve customers with a diverse inventory [1] - CarMax emphasizes a customer-focused omni-channel experience, allowing customers to buy and sell vehicles online, in-store, or through a combination of both [2][5] Company Overview - Founded over 30 years ago, CarMax is the largest retailer of used cars in the U.S., recognized for its "no-haggle" car-buying model [5] - The company has more than 28,000 associates and has been listed as one of the Fortune 100 Best Companies to Work For® for 21 consecutive years [4][5] - CarMax offers a 10-day Money Back Guarantee, allowing customers ample time to decide on their vehicle purchase [5] Community Engagement - CarMax is committed to community support and social impact, with initiatives like the CarMax Foundation that encourages associates to engage with charitable organizations [3][4] - The company aims to explore ways to give back to the Rogers community following the store's opening [3]

Core Points - The Gross Law Firm has issued a notice to shareholders of CarMax, Inc. regarding a class action lawsuit for alleged misleading statements made by the company during the class period from June 20, 2025, to September 24, 2025 [1] - The allegations include that CarMax's growth prospects were overstated and that earlier growth was a temporary effect due to customer speculation about tariffs, leading to materially false and misleading statements about the company's business and operations [1] Summary by Sections Class Action Details - Shareholders who purchased shares of CarMax during the specified class period are encouraged to contact the Gross Law Firm for potential lead plaintiff appointment [1] - The deadline for shareholders to register for the class action is January 2, 2026, and there is no cost or obligation to participate [2] Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [3]

Company Announcement - America's Car-Mart, Inc. will release its fiscal 2026 second quarter financial results on December 4, 2025, before the market opens [1] - A webcast and conference call to review the results will take place on the same day at 9:00 a.m. ET [1] Conference Call Details - Participants can access the conference call via a provided webcast link or by registering in advance for telephone participation [2] - Telephone participants will receive a confirmation email with dial-in details and a unique PIN [2] - It is recommended that participants dial in 10 minutes prior to the start time [2] Replay Information - A replay of the conference call and webcast will be available on-demand for 12 months from December 4, 2025, on the Car-Mart Investor Relations website [3] Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S. focused on the "Integrated Auto Sales and Finance" segment of the used car market [4] - The company emphasizes superior customer service and building strong personal relationships with customers [4] - Dealerships are primarily located in smaller cities throughout the South-Central United States, selling quality used vehicles and providing financing for nearly all customers [4]